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After a yr of ups and downs, Cake has apparently filed an utility for chapter.
The information, sourced from Micah Toll’s protection on Electrek.co, follows the model’s failed try to lock in C-round traders that will have cemented their future and confirmed extra funds for CAKE’s Europe growth.
What does Cake must say about their submitting for chapter?
As of proper now, CAKE has but to launch an announcement explaining why they’re submitting for chapter.
Toll has implied that staff beneath CAKE have had their salaries suspended as of final week, main us to consider that they’ll finally must replace us relating to their upcoming choices.
What’s going to occur to CAKE?
The quick reply? We don’t know.
So as to add insult to damage, CAKE is at the moment recovering from a reasonably giant recall involving battery cell failure of their Kalk mannequin. Changing the battery of a motorcycle isn’t an inexpensive repair by any means, and the recall has additionally instructed us that the substitute batteries received’t even be accessible till April/Might/June (Q2), later this yr – one thing that CAKE is probably going factoring in when budgeting future decisions for the model.
Is electrical power nonetheless the #1 advice in comparison with fuel?
By now, we’re all conscious of the hype for electrical power. EV expertise is combating to surmount many hurdles within the battle to beat ICE, together with (however not restricted to) the bettering of vary and upkeep prices, the chance of grid overload potential, and extra.
EVs in the present day nonetheless don’t boast the identical efficiency stats as a generic gas-guzzling motorbike, and different main manufacturers like Suzuki and Royal Enfield have already admitted EVs to be a higher-risk product.
That being stated, we have now firms like BMW and Harley-Davidson (LiveWire) which are comfortable to soak up the chance, going full-tilt into the zero-emission subject with a spotlight that’s as breathtaking as it may be complicated (Don’t consider us? Try LiveWire’s gross sales two quarters in the past).
To sum up, it’s too early to verify that EVs will maintain their place as the most well-liked different power supply, particularly given a current flip towards hybrid choices (Kawasaki’s Ninja 7 Hybrid being the primary on what’s admittedly a reasonably quick listing).
What do you assume is in retailer for CAKE?
